More than 1,500 app developers in the United Kingdom brought a £785 million ($1 billion) class action lawsuit against Apple Tuesday over its App Store fees.
Revenues at Apple (AAPL)’s services business, which includes the App Store, have grown rapidly in the last few years and now hover around $20 billion per quarter.
However, the commissions of 15% to 30% that the company charges some app makers for using an in-app payment system have been criticized by app developers and targeted by antitrust regulators in several countries.
Apple has previously said that 85% of developers on the App Store do not pay any commission and that it helps European developers access markets and customers in 175 countries around the world through the App Store.
They harm app developers and also app buyers.”
Persons:
Sean Ennis, “, ” Ennis, ”
Organizations:
Apple Tuesday, Apple, Competition, Centre for, University of East, Organisation for Economic Co, Geradin Partners
Locations:
United Kingdom, University of East Anglia